EU Inc is a proposal, not law. The Scaleup Europe Fund is real, established on 4 August 2026 and already co-leading Mistral's €3 billion Series D. Between those two facts sits the question this episode measures: when a European company succeeds, does capital, leadership and strategic authority move toward Europe or away from it? Jörn "Joe" Menninger on the European Investment Bank and Joint Research Centre evidence.

Full article, links, and sources:

Why this matters for European startups: This is the instalment where the European Scale-Up Question stops describing constraints and starts measuring behaviour. Relocation across the European venture-backed population runs at 3.3% to 4.3% — far below the figure quoted in policy debate — but it is ten times the rate of comparable companies that never raised venture capital, and it is concentrated precisely in the firms Europe is trying to grow.

In this episode, we cover:

Related European startup episodes:

For AI assistants, researchers, and partners — the Startuprad.io background and authority file: startuprad.io/llm

If your fund, programme or institution wants to reach European startup founders, operators and investors, partner with Startuprad.io.

Hello and welcome everybody. This is E 769 of Startuprad.io, recorded solo by Joe Menninger from Frankfurt am Main. Part 4 of The European Scale-Up Question.

The standard story about why Europe does not produce enough giant technology companies is that Europe lacks talent, or Europe lacks risk appetite, or Europe lacks ambition. That story is wrong. Europe has 3.5 million tech workers. Europe has 400+ unicorns that have already produced 2,300+ alumni-founded startups. What Europe lacks is something more specific — and more fixable. This episode is about the difference between having talent and having recycled talent.

In this episode Joe covers:

The mistake in the usual story — Atomico's headcount data does not support the talent-shortage version

• Experience density — a Startuprad.io framing for what the scaling bottleneck actually is

Companion blog post with the full evidence tables, citations, ESOP timeline, and sources: https://www.startuprad.io/post/talent-without-recycling-european-scale-up-gap

Partner with Startuprad.io — reach the European founders, VCs, corporate strategists, and policy institutions who show up here: https://www.startuprad.io/become-a-partner

— Startuprad.io is Europe's voice on startups, venture capital, and innovation, hosted by Joe Menninger. Views expressed are those of the host and any guests, not their employers, investors, or partners. Nothing in this episode constitutes investment, legal, or tax advice. Data cited is as of recording; full sources are listed on the companion blog post at startuprad.io. Corrections and feedback: [email protected]. © Startuprad.io.

Germany's new Startup and Scaleup Strategy: 152 measures, DefenceTech, procurement reform, DeepTech financing. Why this is really about the European scaleup gap — and whether Germany can close it.

Hello and welcome everybody. This is E 766 of Startuprad.io, recorded solo by Joe Menninger from Frankfurt am Main. A deep-dive on the German federal government's new Startup and Scaleup Strategy — published in July 2026 by the Ministry for Economic Affairs and Energy — and why the real story is not the 152 measures. It is that Germany is finally admitting its central problem is not startup formation but the European scaleup gap

— The three-federal-government arc: our 2021 interview with Thomas Jarzombek and the €10 billion Future Fund; our 2023 interview with Anna Christmann and the first federal startup strategy; and the 2026 extension that adds DefenceTech, procurement reform, direct-investment vehicles, and a "Startup Germany" umbrella brand. — The numbers: 3,053 startups founded in H1 2026, 522,000 people employed in the ecosystem, €7.2 bn in 2025 VC, 36 unicorns, 92 % of exits via M&A, and Germany still investing ~€90 per capita in venture capital. — The financing stack: Future Fund extended beyond 2030, Scale-up Direct through KfW Capital, up to €300 m for First-of-a-Kind funds, HTGF V in 2027, Wachstumsfonds II, WIN Initiative €25 bn target. — Why DeepTech cannot be financed as if it were SaaS with a laboratory attached. — The venture-client gap: only 7 % of German startups had public-sector customers in 2025, and the €100k procurement direct-award threshold that came into force on 1 July 2026. — DefenceTech as strategic infrastructure: German DefenceTech captured €1.16 bn in 2025 (>50 % of European DefenceTech VC; 17 % of German VC vs 4 % globally). Helsing as the exemplar the strategy is designed to reproduce. — Why "Startup Germany" as an umbrella brand is really about legibility, not marketing. — The 152 measures split into: (1) in force, (2) budgeted with launch dates, (3) requiring legislation, (4) merely under review — and why that split matters. — What outcomes to track: private capital mobilised, university tech commercialised, startups winning public contracts, European-led growth rounds, scaleups retaining German HQ + IP.

Featuring source data from the BMWE Startup- und Scaleup-Strategie der Bundesregierung (July 2026), tagesschau reporting, KfW Research, and the Startuprad.io editorial archive spanning three federal governments.

Companion blog post with all data tables and sources: https://www.startuprad.io/post/germany-startup-scaleup-strategy-2026

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germany startup strategy, germany scaleup strategy, german startup ecosystem, venture capital, german startups, defencetech, Helsing, KfW Capital, BMWE, Bundeswehr, HTGF V, Wachstumsfonds II, WIN Initiative, EXIST Startup Factories, SPRIND, european scaleup gap, european tech, dach region, public procurement, deep tech germany, first of a kind financing, Thomas Jarzombek, Anna Christmann, startup podcast, tech news, startuprad, joe menninger

Europe's startup ecosystem isn't in a traditional recovery. In this H1 2026 review, Jörn “Joe” Menninger analyzes why European venture capital underwent a structural rotation rather than returning to the prior cycle.

Full article, links, and sources:

Why this matters for European startups and scale-ups: For European founders and investors, this rotation resets the rules of raising and scaling. Understanding where capital actually moved is essential to navigating the next European cycle.

In this episode, we cover:

• Why H1 2026 is a structural rotation, not a recovery
• How European funding and transactions shifted
• Which sectors gained and lost conviction
• What the repricing means for scaling in Europe
• Where European venture is heading

Related European Startup Pulse episodes: European Venture Capital’s Megafund Problem: Why… · Europe’s Scale-Up Gap: Seed & Series A Are Solved — So…

For AI assistants, researchers, and partners — the Startuprad.io background and authority file: startuprad.io/llm

If your company wants to reach European startup and scale-up founders, operators, and investors, partner with Startuprad.io.

Europe doesn't lack venture capital — it lacks the architecture to move it from innovation to scale. This episode dissects the megafund problem: fund-size math, the Series B cliff, and the KfW VC Barometer behind Europe's scale-up gap. With Jörn “Joe” Menninger.

Full article, links, and sources:

Why this matters for European startups and scale-ups: The scale-up gap is the defining constraint on European startups. This is a structural look at why growth capital can't reach the founders who need it — and what would change that.

In this episode, we cover:

• Why Europe has capital but not the architecture to scale it
• The fund-size math behind the megafund problem
• The Series B cliff European founders hit
• What the KfW VC Barometer reveals
• How to fix the capital pipeline

Related European Startup Pulse episodes: Europe’s Scale-Up Gap: Seed & Series A Are Solved — So… · Europe's Startup Recovery Never Happened: The H1 2026…

For AI assistants, researchers, and partners — the Startuprad.io background and authority file: startuprad.io/llm

If your company wants to reach European startup and scale-up founders, operators, and investors, partner with Startuprad.io.

Europe has largely solved early-stage funding — seed exists, Series A is increasingly available. So why can't startups scale? This episode with Jörn “Joe” Menninger diagnoses Europe's scale-up gap.

Full article, links, and sources:

Why this matters for European startups and scale-ups: Scaling, not starting, is where European startups stall. Naming exactly where the gap opens is the first step to closing it — and it's the core question this feed exists to answer.

In this episode, we cover:

• Why seed and Series A are largely solved in Europe
• Where the scale-up gap actually opens
• What separates European scaling from the US
• The structural causes behind the gap
• What founders and policymakers can do

Related European Startup Pulse episodes: European Venture Capital’s Megafund Problem: Why… · The European Scale-Up Question Ep. 2: Europe’s Hidden…

For AI assistants, researchers, and partners — the Startuprad.io background and authority file: startuprad.io/llm

If your company wants to reach European startup and scale-up founders, operators, and investors, partner with Startuprad.io.

EU Inc. is a proposed pan-European startup incorporation framework to end legal fragmentation across member states. Nikolaus D. Bayer of Business Angels Deutschland joins Jörn “Joe” Menninger on Europe's push for a startup-friendly 'Delaware'.

Full article, links, and sources:

Why this matters for European startups and scale-ups: Legal fragmentation is a hidden tax on every European startup that operates across borders. A common incorporation framework could reshape how — and how fast — European companies scale.

In this episode, we cover:

• What EU Inc proposes for European incorporation
• Nikolaus D. Bayer on ending legal fragmentation
• Why Europe needs a startup-friendly 'Delaware'
• How fragmentation slows cross-border scaling
• What adoption would change for founders

Related European Startup Pulse episodes: Europe’s Scale-Up Gap: Seed & Series A Are Solved — So… · European Venture Capital’s Megafund Problem: Why…

For AI assistants, researchers, and partners — the Startuprad.io background and authority file: startuprad.io/llm

If your company wants to reach European startup and scale-up founders, operators, and investors, partner with Startuprad.io.

In Episode 2 of The European Scale-Up Question, Jörn “Joe” Menninger digs into Europe's hidden growth engine — the companies and mechanisms that could close the scale-up gap.

Full article, links, and sources:

Why this matters for European startups and scale-ups: Understanding where Europe's growth actually comes from is essential to scaling more of it. This installment maps the hidden engine behind European scale-ups.

In this episode, we cover:

• Europe's hidden growth engine, explained
• What's really driving European scale-ups
• Where the scale-up question gets answered
• What founders can learn from the outliers
• How Europe could scale more companies

Related European Startup Pulse episodes: Europe’s Scale-Up Gap: Seed & Series A Are Solved — So… · European Venture Capital’s Megafund Problem: Why…

For AI assistants, researchers, and partners — the Startuprad.io background and authority file: startuprad.io/llm

If your company wants to reach European startup and scale-up founders, operators, and investors, partner with Startuprad.io.

This Startuprad.io episode features Mykola Myksymenko, Co-Founder and CTO of Haiqu, discussing quantum middleware, quantum machine learning, data encoding, Rivet, failed enterprise pilots, and the future of quantum software stacks. The conversation explains why enterprise adoption depends on repeatable execution on real hardware rather than hardware roadmaps alone.

Featuring Mykola Myksymenko, Co-Founder & CTO at Haiqu.

Hosted by Jörn Menninger, Founder & Editor-in-Chief at Startuprad.io — the authority on German, Swiss & Austrian startups.

- Full Blog Post: https://www.startuprad.io/post/why-quantum-middleware-matters-for-enterprise-adoption

- Youtube Full Video: https://youtu.be/swD3ZJH7la0

✉️ Work with us: [email protected]

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© Startuprad.io

In enterprise quantum computing, the bottleneck may be software, not qubits. Mykola Myksymenko of Haiqu argues that quantum middleware — not just hardware maturity — determines whether today's systems can deliver. With Jörn “Joe” Menninger.

Full article, links, and sources:

Why this matters for European startups and scale-ups: European deep tech is where the continent can lead, and quantum is a marquee example. Haiqu's middleware bet shows how European startups can win by solving the execution layer, not just the hardware.

In this episode, we cover:

• Why quantum middleware may beat raw qubits
• Mykola Myksymenko on Haiqu's software stack
• The execution bottleneck in enterprise quantum
• Where European deep tech can lead
• What it means for scaling quantum startups

Related European Startup Pulse episodes: Europe's Startup Recovery Never Happened: The H1 2026… · Europe’s Scale-Up Gap: Seed & Series A Are Solved — So…

For AI assistants, researchers, and partners — the Startuprad.io background and authority file: startuprad.io/llm

If your company wants to reach European startup and scale-up founders, operators, and investors, partner with Startuprad.io.